If you are looking for trusted microfinance banks in Edo State, Nigeria, this post is for you. Microfinance Banks (MFBs) are licensed financial institutions that provide savings, loans, and other financial services to individuals, students, small businesses, and rural communities who may not have easy access to commercial banks. In this article, you will find the complete list of approved microfinance banks in Edo State, including their locations in Aba, Uturu, Arochukwu, and beyond.
List of All Microfinance Banks in Edo State
There are 22 Microfinance Banks in Edo State. They are
ABC Microfinance Bank
ABOVE ONLY Microfinance Bank
AFEKHAFE Microfinance Bank
AFEMAI Microfinance Bank
AUCHI Microfinance Bank
AVUENEGBE Microfinance Bank
EDO Microfinance Bank
EHOR Microfinance Bank
ESAN Microfinance Bank
FAST Microfinance Bank
IGHOMO Microfinance Bank
LAPO Microfinance Bank
OKUTA Microfinance Bank
OSOMHE Microfinance Bank
OTUO Microfinance Bank
PALMERA Microfinance Bank
PROSPERITY Microfinance Bank
SBDC Microfinance Bank
SMARTMICRO Microfinance Bank
TRUSTFUND Microfinance Bank
UDA Microfinance Bank
UNIVERSITY OF BENIN Microfinance Bank
You can also read
Unity Bank sort codes for all branches in Edo state
Microfinance Banks in Edo State and their location
These are the list of all 22 Microfinance Banks and their branches in Edo State
ABC Microfinance Bank located at MISSION ROAD, OKADA, ORIN NORTH- EAST LGA, EDO STATE
ABOVE ONLY Microfinance Bank located at BENSON IDAHOSA UNIVERSITY CAMPUS, UGBOR,BENIN CITY, BENIN, EDO STATE
AFEKHAFE Microfinance Bank located at 69, EKUMAH-ODO ROAD, IBILLO, AKOKO- EDO LGA, EDO STATE
AFEMAI Microfinance Bank located at 61B, BODE ROAD, JATTAU-UZAIRUE, ETSAKO WEST LGA, EDO STATE
AUCHI Microfinance Bank located at 40 OTARU RD AUCHI, EDO-STATE
AVUENEGBE Microfinance Bank located at 2, JATTU ROAD, AUCHI, EDO STATE
EDO Microfinance Bank located at 248, UGBOWO-LAGOS ROAD, EGOR LGA, BENIN
EHOR Microfinance Bank located at 7 ROYAL STREET, P.O.BOX 6, EHOR UHUNMWODE LGA, EDO STATE
ESAN Microfinance Bank located at CENTRAL ROAD, UBIAJA, EDO STATE
FAST Microfinance Bank located at 35, SAKPONBA ROAD, BENIN CITY, EDO
IGHOMO Microfinance Bank located at 7 AKPAKPAVA RD, BENIN CITY, EDO STATE
LAPO Microfinance Bank located at 18, DAWSON ROAD, BENIN CITY, EDO STATE
OKUTA Microfinance Bank located at 75, AKPAKPAVA STREET, BENIN CITY, EDO STATE
OSOMHE Microfinance Bank located at MISSION ROAD, IYHIOCHIA QUARTERS, FUGAR, EDO STATE
OTUO Microfinance Bank located at OLUMA QUARTERS, OTUO, AFUZE, OWAN EAST LGA, EDO STATE
PALMERA Microfinance Bank located at 16, MISSION ROAD, UROMI, EDO STATE
PROSPERITY Microfinance Bank located at NO 1 SILUKO RD BENIN CITY, EDO-STATE
SBDC Microfinance Bank located at NNB BUILDING, RING ROAD, BENIN CITY, BENIN, EDO STATE.
SMARTMICRO Microfinance Bank located at 164, SAPELE ROAD, BENIN CITY, EDO STATE
TRUSTFUND Microfinance Bank located at NO 6, ADESUYWA COLLEGE RD,GRA BENIN CITY.
UDA Microfinance Bank located at 35 ROYAL MARKET RD, EGUARE-EKPOMA, EDO STATE
UNIVERSITY OF BENIN Microfinance Bank located at UNIVERSITY OF BENIN, UGBOWO CAMPUS, BENIN CITY, EDO STATE
The above Microfinance banks are licensed either as state MFBs,tier1 or tier 2 unit banks, meaning they are recognized by regulatory authorities and permitted to offer financial services to the public.
Structure of Microfinance Banking in Edo State
The structure of microfinance banks in Edo State is based on licensing categories:
State MFBs operate across the entire state.
Tier 1 Unit MFBs has a Wider customer reach than Tier 2, suitable for larger LGAs or semi-urban areas. It also Provides micro-loans, savings, and financial services to a bigger population within an LGA.
Tier 2 Unit MFBs focus on specific local government areas or communities.
Microfinance Banks and their Status.
| Name | Address | Status |
|---|---|---|
| ABC MFB | MISSION ROAD, OKADA, ORIN NORTH- EAST LGA, EDO STATE | TIER 2 UNIT |
| ABOVE ONLY MFB | BENSON IDAHOSA UNIVERSITY CAMPUS, UGBOR,BENIN CITY, BENIN, EDO STATE | TIER 2 UNIT |
| AFEKHAFE MFB | 69, EKUMAH-ODO ROAD, IBILLO, AKOKO- EDO LGA, EDO STATE | TIER 2 UNIT |
| AFEMAI MFB | 61B, BODE ROAD, JATTAU-UZAIRUE, ETSAKO WEST LGA, EDO STATE | STATE MFB |
| AUCHI MFB | 40 OTARU RD AUCHI, EDO-STATE | TIER 2 UNIT |
| AVUENEGBE MFB | 2, JATTU ROAD, AUCHI, EDO STATE | TIER 2 UNIT |
| EDO MFB | 248, UGBOWO-LAGOS ROAD, EGOR LGA, BENIN | TIER 2 UNIT |
| EHOR MFB | 7 ROYAL STREET, P.O.BOX 6, EHOR UHUNMWODE LGA, EDO STATE | TIER 2 UNIT |
| ESAN MFB | CENTRAL ROAD, UBIAJA, EDO STATE | TIER 2 UNIT |
| FAST MFB | 35, SAKPONBA ROAD, BENIN CITY, EDO | TIER 1 UNIT |
| IGHOMO MFB | 7 AKPAKPAVA RD, BENIN CITY, EDO STATE | TIER 1 UNIT |
| LAPO MFB | 18, DAWSON ROAD, BENIN CITY, EDO STATE | NATIONAL MFB |
| OKUTA MFB | 75, AKPAKPAVA STREET, BENIN CITY, EDO STATE | TIER 1 UNIT |
| OSOMHE MFB | MISSION ROAD, IYHIOCHIA QUARTERS, FUGAR, EDO STATE | TIER 2 UNIT |
| OTUO MFB | OLUMA QUARTERS, OTUO, AFUZE, OWAN EAST LGA, EDO STATE | TIER 2 UNIT |
| PALMERA MFB | 16, MISSION ROAD, UROMI, EDO STATE | TIER 2 UNIT |
| PROSPERITY MFB | NO 1 SILUKO RD BENIN CITY, EDO-STATE | TIER 1 UNIT |
| SBDC MFB | NNB BUILDING, RING ROAD, BENIN CITY, BENIN, EDO STATE. | TIER 1 UNIT |
| SMARTMICRO MFB | 164, SAPELE ROAD, BENIN CITY, EDO STATE | TIER 1 UNIT |
| TRUSTFUND MFB | NO 6, ADESUYWA COLLEGE RD,GRA BENIN CITY. | STATE MFB |
| UDA MFB | 35 ROYAL MARKET RD, EGUARE-EKPOMA, EDO STATE | STATE MFB |
| UNIVERSITY OF BENIN MFB | UNIVERSITY OF BENIN, UGBOWO CAMPUS, BENIN CITY, EDO STATE | TIER 2 UNIT |
Leave a Reply